ARGA Investment Management LP Raises Holdings in TotalEnergies SE Sponsored ADR $TTE

ARGA Investment Management LP grew its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 139.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,187,329 shares of the company’s stock after buying an additional 691,864 shares during the period. TotalEnergies accounts for 3.6% of ARGA Investment Management LP’s portfolio, making the stock its 9th biggest position. ARGA Investment Management LP’s holdings in TotalEnergies were worth $111,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in TotalEnergies in the fourth quarter worth $5,337,330,000. Capital International Investors increased its position in TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after purchasing an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after purchasing an additional 40,192,677 shares in the last quarter. Caisse Des Depots ET Consignations bought a new position in TotalEnergies in the 4th quarter worth $1,982,676,000. Finally, Norges Bank purchased a new stake in shares of TotalEnergies in the 4th quarter worth about $1,917,626,000. Institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTE. Scotiabank lifted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $78.45 on Friday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The firm has a market capitalization of $188.09 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.70 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $85.72 and a two-hundred day simple moving average of $80.96.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. On average, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 10.91 earnings per share for the current fiscal year.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.